Yorkshire Building Society or Lloyds ?

KTF

^^^ Still says 2.75% here assuming its the Internet Saver account:

http://www.ybs.co.uk/savings/interest_rates/internet.html

As an aside. The government will never allow a bank to fold. It would trigger a panic. See the Dunfermline for a recent example.

savetilibleed

withnell wrote: »

I still see 2.75% even after clearing my cache?

The change is with effect from 29/03/09 (see this link) - that's why you still see 2.75% as I do (well I see 2.72% for monthy interest).

jack_spratt_2

https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=184183

Sorry you beat me to it by 2 mins

jack_spratt_2

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bristolleedsfan

jack_spratt wrote: »

Yorkshire building society have reduced there rates to 2.10% down by 0.65%

Bad behaviour from a Building Society. ( Mutual)

freddysmith

£100,000 will only produce £1680 Net with this YBS account. Doesn't seem much these days.

jack_spratt_2

definitely

bristolleedsfan

NoOneReally wrote: »

I will be getting a lump sum payment (£100,000) soon, and I am stuck between putting it in Yorkshire Building Society at 2.72% or Lloyds at 2.50%(Joint account so £100,000 is protected), but as well as the interest who is the best for safety Lloyds or YBS ?.

Also with Lloyds I can get the money or do transfers Instantly, with YBS the transfers can take up to 5 days and I cannot use a YBS branch (Which is miles away anyway) as it is a Internet only account.

I would be grateful for some advice if it is worth losing the .22% interest is Lloyds would be the best bet.

Thanks.

Whilst the rate is likely to fall 0.50% on/around 1st April, here is another Instant Access option, gets opened online, then operated by Branch only.

http://www.abbey-products.com/product/IAS/

savetilibleed

bristolleedsfan wrote: »

Bad behaviour from a Building Society. ( Mutual)

Yeh I was surprised at the magnetude of the drop for the Internet Saver. Their Notice Saver for £100,000+ is dropping 0.75%.

Have to see what other accounts are doing for my variable rate money - presently my ING account is best at 3.17% gross (2.54% net).

Methinks too defo time now (finally) to transfer out of the YBS e-ISA that will drop 0.5% to 2.25% (for £20,000+). The various fixed ISA's - I guess after the year fix will they will revert to some god awful variable rate?

bristolleedsfan

savetilibleed wrote: »

The various fixed ISA's - I guess after the year fix will they will revert to some god awful variable rate?

Bradford and Bingley have just written to me advising of impending fixed rate ISA maturity with info about variable rate instant access account paying 0.10%. :eek: Luckily I have transfer out already in progress.